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| Cash Dividend On The Way From Macatawa Bank (MCBC)By Dividend Channel Staff, Friday, May 7, 9:55 AM ET
On 5/11/21, Macatawa Bank Corp. (NASDAQ:MCBC) will trade ex-dividend, for its quarterly dividend of $0.08, payable on 5/27/21. As a percentage of MCBC's recent stock price of $9.76, this dividend works out to approximately 0.82%, so look for shares of Macatawa Bank Corp. to trade 0.82% lower — all else being equal — when MCBC shares open for trading on 5/11/21. Below is a dividend history chart for MCBC, showing historical dividends prior to the most recent $0.08 declared by Macatawa Bank Corp.: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MCBC is likely to continue, and whether the current estimated yield of 3.28% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of MCBC shares, versus its 200 day moving average:
Looking at the chart above, MCBC's low point in its 52 week range is $6.15 per share, with $10.66 as the 52 week high point — that compares with a last trade of $9.86. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Friday trading, Macatawa Bank Corp. shares are currently off about 1.3% on the day.
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